WorksheetsChapter 3 Vocabulary
Total questions: 19
Worksheet time: 12mins
Intangible things that businesses do for us that enhance our lives.
Product
Sustainability
Outsourcing
Services
A business that conducts business by means of the Internet
trade show
social entrepreneurs
online business
demographics
A new venture started inside a large company.
innovation
niche
corporate venture
none of the above
Finding new ways of doing things is called _____.
niche
strategic alliance
brainstorm
innovation
Hiring people and other companies to handle tasks a business can not do or chooses not to do itself.
owner
permit
outsourcing
none of the above
A partnership formed among two or more companies for the purpose of supplying a product or service
strategic plan
sole proprietorship
goal
strategic alliance
A new venture started inside a larger corporation.
innovation
corporate venture
contract
business plan
A small, specialized segment of the market based on customer needs discovered in market research.
opportunity
brainstorm
market strategy
niche
Thinking freely to generate ideas.
brainstorm
services
goodwill
products
Personal characteristics that describe a population. These include age, gender, income, ethnic background, education, and occupation.
social entrepreneurs
trade show
demographics
niche
Are beliefs and principles you choose to live by define who you are, shape your attitudes and choices, and help you identify your priorities _________________.
objectives
creed
values
dreams
The favor and loyalty a business acquires by its good reputation.
franchise
goodwill
incentive
value
A legal agreement to begin a new business in the name of a recognized company.
guarantee
manager
franchise
fixed
The buyer of a franchise who is given the right to its product, process, or service.
franchisee
franchise
franchisor
All of the above
The seller of a franchise who is giving the buyer its planning and management expertise.
business broker
social entrepreneurs
family business
franchisor
A gathering or exhibition where vendors and manufacturers introduce new items and promote established products and services (a) .
A periodical published for people with special interests, such as sports, camping, or fashion (a) .
A periodical published for a specific type of business or industry (a) .
Someone whose job it is to bring buyers and sellers of businesses together for a fee (a) .
